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Shareholders of Lukoil (LUKOY, quote) should be delighted by Russia moving closer to World Trade Organization membership. This puts Russia’s second largest oil company on the path to the New York Stock Exchange, where its stock price will look a lot more like Exxon Mobil (XOM, quote).

There is always an urge to jump in and buy blue chip stocks such as Siemens AG (SI, quote) or JP Morgan (JPM, quote) or Exxon Mobil (XOM, quote) when the market is declining. Investors will always posit the query of, “how much lower can it possibly go?” as justification for a poorly timed purchase of a stock.

Oil prices have been rising due to speculation, lifting the share levels for the exchange-traded fund United States Oil (USO, quote) and company stocks such as Petroleo Brasilerro (PBR, quote) and Total SA (TOT, quote).

It is possible that Russia’s state-owned oil company Rosneft may have gained the upper hand in the $3.25 billion August agreement that gives Exxon Mobil (XOM,quote) a chance to explore for oil in the Arctic.